Bon Natural Life (Bon Natural Life) Days Inventory : 22.63 (As of Sep. 2023)

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What is Bon Natural Life Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bon Natural Life's Average Total Inventories for the six months ended in Sep. 2023 was $1.40 Mil. Bon Natural Life's Cost of Goods Sold for the six months ended in Sep. 2023 was $11.25 Mil. Hence, Bon Natural Life's Days Inventory for the six months ended in Sep. 2023 was 22.63.

The historical rank and industry rank for Bon Natural Life's Days Inventory or its related term are showing as below:

BON' s Days Inventory Range Over the Past 10 Years
Min: 23.9 Med: 40.16 Max: 407.89
Current: 26.54

During the past 6 years, Bon Natural Life's highest Days Inventory was 407.89. The lowest was 23.90. And the median was 40.16.

BON's Days Inventory is ranked better than
91.61% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs BON: 26.54

Bon Natural Life's Days Inventory declined from Sep. 2022 (32.56) to Sep. 2023 (22.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. Bon Natural Life's Inventory Turnover for the six months ended in Sep. 2023 was 8.06.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Bon Natural Life's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.09.

Bon Natural Life Days Inventory Historical Data

The historical data trend for Bon Natural Life's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bon Natural Life Days Inventory Chart

Bon Natural Life Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

Get a 7-Day Free Trial

197.07

50.75

25.93

29.56

23.90

Bon Natural Life Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial						27.61	35.35	32.56	34.10	22.63

Competitive Comparison of Bon Natural Life's Days Inventory

For the Packaged Foods subindustry, Bon Natural Life's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bon Natural Life's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bon Natural Life's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bon Natural Life's Days Inventory falls into.

Bon Natural Life Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bon Natural Life's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1.722	+	0.987)	/	2 )	/	20.682	*	365
=	1.3545					/	20.682	*	365
=	23.90

Bon Natural Life's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.803	+	0.987)	/	2 )	/	11.249	*	365 / 2
=	1.395					/	11.249	*	365 / 2
=	22.63

Bon Natural Life (NAS:BON) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Bon Natural Life's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.249	/	1.395
	=	8.06

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Bon Natural Life's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.395	/	15.372
	=	0.09

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Bon Natural Life Days Inventory Related Terms

Thank you for viewing the detailed overview of Bon Natural Life's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Bon Natural Life (Bon Natural Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bon Natural Life Ltd (NAS:BON) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

C601, Gazelle Valley, No.69 Jinye Road, Xi’an Hi-tech Zone, Xi’an, CHN, 710077

Website

https://www.bnlus.com

Bon Natural Life Ltd is engaged in the manufacturing of personal care ingredients, such as plant extracted fragrance compounds to perfume and fragrance manufacturers, natural health supplements such as powder drinks and bioactive food ingredient products mostly used as food additives and nutritional supplements. The company has its geographic presence in PRC and in Overseas.